As a matter of fact, I’ve been buying BP all week. Easy come, easy go.
You know the rule: “Buy when everyone else is selling and hold until everyone is buying.” J. Paul Getty.
Actually, that is in fact the number one rule in the market place --to meet the customer's demand. I'll confess that my problem is that I really don't have enough info on commodities like oil, other than to compare short term trends to long term averages. That and the fact that oil isn't the only thing happening these days:
This Story Is Even Bigger Than Oil Crash - Myles Udland, Business Insider
Spoiler: the concern is a huge rally in T-bills. It means not only we got a big-time exodus out of all kinds of other investments, but that also there's an unvoiced acceptance of the idea we're in a deflation and broad-based econ collapse. [shudder]
Well, I seem to have the worst timing! I put money in the market yesterday when things were up a bit. I should have waited another day! (big sigh!!!!)